Verena Multi Finance Bond Issuance 2013. Verena Multi Finance, Tbk (previously PT Verena Oto Finance, Tbk) was established with the name of PT Maxima Perdana Finance on July 21, 1993. The Company obtained a license to operate as financing company from the Minister of Finance of Republic of Indonesia based on its Decision Letter No.994/KMK.017/1993 dated December 30, 1993, with license in leasing, factoring, credit cards, and consumer financing.
Currently, the Company operates the primary business field in consumer financing and has as many as 23 branches located in the city of Banda Aceh, Bandung, Banjarmasin, Bogor, Cikarang, Jakarta, Makasar, Malang, Medan, Palembang, Pekanbaru, Rantau Prapat, Samarinda, Semarang, Serang, Surabaya and Tangerang. The Company’s head office is located at Panin Bank Building, 3rd Floor, Jalan Pecenongan No.84, Jakarta.
Moreover, the structure of shareholders of Verena Multi Finance is owned by PT Bank Pan Indonesia, Tbk of 429.529.600 (four hundred and twenty nine million five hundred twenty nine thousand six hundred) shares or 42,87% (fourty two point eighty seven percent), PT Verena Kapital of 243.965.040 (two hundred and forty three million nine hundred sixty five thousand forty) shares or 24,35% (twenty four point thirty five percent), Murniaty Santoso of 97.586.016 (ninety seven million five hundred eighty six thousand sixteen) shares or 9,74% (nine point seventy four percent), and publics (each below 5%) of 230.919.696 (two hundred and thirty million nine hundred ninety thousand six hundred and ninety six) shares or 23,05% (twenty three point five percent).
Furthermore, these bond issuance plan are the Corporate Bonds Verena Multi Finance under Bonds Program I Phase II year 2013, with principal amount worth IDR 300.000.000.000 (three hundred billion rupiah), offered as much as 3 series: the 370-days, 3-years, and 4-years of maturity. PT Pemeringkat Efek Indonesia (Pefindo) released Verena Multi Finance rating at level idA (single A) with stable outlook.
Previously, Verena Multi Finance issued bonds in year 2012 and 2011. Corporate Bond Verena Multi Finance I Phase I Year 2012 worth IDR 300.000.000.000 (three hundred billion rupiah). These bonds offered as much as 3 series: the A 370-days series. Coupon rate 7,25% (seven point twenty five percent) per year worth IDR 50.000.000.000 (fifty billion rupiah). The B 36-months series with coupon rate 9,00% (nine percent) per year. Worth IDR 227.000.000.000 (two hundred and twenty seven billion rupiah). The C 48-months series with coupon rate 9,05% (nine point five percent) per year. Worth IDR 23.000.000.000 (twenty three billion rupiah).
On the other hand, the Verena Multi Finance I Year 2011 in the amount IDR 500.000.000.000 (five hundred billion rupiah). These bonds offered as much as 3 series: the A 370-days series. Coupon rate 9,50% (nine point fifty percent) per year worth IDR 65.000.000.000 (sixty five billion rupiah). The B 24-months series. Coupon rate 10,50% (ten point fifty percent) per year worth IDR 135.000.000.000 (one hundred and thirty five billion rupiah). The C 36-months series. Coupon rate 11,25% (eleven point twenty five percent) per year worth IDR 300.000.000.000 (three hundred billion rupiah).